Oregon Statutes 67.060 – Partnership property
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Property acquired by a partnership is property of the partnership and not of the partners individually. [1997 c.775 § 8]
Terms Used In Oregon Statutes 67.060
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership: means an association of two or more persons to carry on as co-owners a business for profit created under ORS § 67. See Oregon Statutes 67.005
- Property: means all property, real, personal or mixed, tangible or intangible, or any interest therein. See Oregon Statutes 67.005